The company stated that it has been selected as the successful bidder by Madhya Pradesh Urja Vikas Nigam (MPUVNL) for a total capacity of 1363.55 MW AC under the non-DCR category.

This project involves the establishment of grid-connected solar PV-based power plants under the Feeder Solarization component of the PM KUSUM - C (Surya Mitra Krishi Solarization).

The power generated will be sold to Madhya Pradesh Power Management Company (MPPMCL) for 25 years.

The project will be implemented through multiple special purpose vehicles (SPVs), and Dilip Buildcon Limited shall secure an EPC business opportunity valued at approximately Rs 4,900 crore that would be executed over the next 18 months.

Dilip Buildcon is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company.

The company’s consolidated net profit declined 22.8% to Rs 181.49 crore in Q2 FY26, compared with Rs 235.24 crore in Q2 FY25. However, revenue from operations fell 22.9% year on year (YoY) to Rs 1925.89 crore in Q2 FY26.